Stanley B&D Sales Up 19 Per Cent

Stanley Black & Decker had net sales of $4.4 billion for the fourth quarter of 2020, up 19 per cent over net sales in the fourth quarter of 2019. Gross margin rate was up 390 basis points to 35.6 per cent compared to the year-ago period. Sales for the tools and storage segment increased 25 per cent year-over-year, sales for the industrial segment increased 10 per cent, and sales for the security segment increased three per cent. Overall net earnings were $467.7 million compared to $199.1 million last year.